Blockware Intelligence's analysis titled "2024 Halving Analysis: Understanding Market Cycles and Opportunities Created by the Halving" suggests that Bitcoin's price could potentially reach $400,000 in the next halving epoch due to factors such as reduced sell pressure, increased demand, and historical performance.
Bitcoin (BTC) remained stagnant around the $26,000 mark despite being heavily oversold, leading to concerns about a potential lower low and a decline to sub $20,000 levels, although some analysts are hopeful for a V-shaped recovery and a return to focus on $26,500.
Bitcoin price reaches a 2-month low, but crypto analyst Michaël van de Poppe predicts a positive change in the future due to market cycle theories and the upcoming Bitcoin halving in 2024, potentially reaching a price of $50-55K pre-halving.
Bitcoin might experience a period of stagnation followed by a potential peak at $200,000 by the end of 2025 or early 2026, according to a crypto analyst, although short-term prospects for Bitcoin appear challenging due to a comparison with the 1930s stock market and oversold condition.
Bitcoin has made a significant move upwards, approaching $27,000 after days of stagnation, although other cryptocurrencies such as SOL, ADA, TON, and MKR have outperformed it.
The founder of Pantera Capital, Dan Morehead, predicts that the bitcoin price will reach $150,000 during its next four-year halving cycle, and considers Ripple's XRP legal victory a "positive black swan," while also highlighting the importance of regulatory clarity in the industry.
Shiba Inu's Shibarium is now live and running smoothly, with the beta testnet explorer receiving an updated interface and new features; Pantera Capital predicts Bitcoin's price could reach $148,000 after the next halving; an interesting pattern on the Ethereum price chart suggests a potential increase in value.
Bloomberg Intelligence's senior macro strategist predicts a near-term bearish trend for Bitcoin, citing its failure to exhibit strength in a deflationary environment, but anticipates that it will eventually reach $100,000.
Ethereum's price has surpassed Bitcoin's in the second half of 2023, as investor sentiment towards Ethereum has improved and Bitcoin dominance has declined, indicating a shift towards altcoins; Ethereum's oversold status and resilient consolidation above $1,500 suggest a potential bullish reversal in the coming days, but a drop below $1,500 is possible if bears gain control.
Renowned cryptocurrency expert Arthur Hayes predicts that Bitcoin will enter a period of consolidation around the $25,000 mark in the coming months, while also emphasizing the potential long-term value and importance of cryptocurrencies and blockchain technology.
Bitcoin (BTC) dropped below $26,000 as bearish sentiment and lack of new catalysts weighed on the market, with major tokens like XRP, ADA, and SOL also experiencing a downtrend, while traditional markets saw gains.
Bitcoin (BTC) may present a favorable opportunity to buy at a support zone with a "100% long hit rate" at $23,000-$24,000, according to analysis by Capriole Investments, which cites historical price floors and the average miner's electricity cost as supporting factors.
Bitcoin pulled back from its all-time high above $28,000 as investors analyzed the implications of Grayscale's court victory against the SEC, with the cryptocurrency dropping 2% to $27,240, while Ether decreased 1.7% to just above $1,700, leading to a decline in the broader crypto market.
Bitcoin (BTC) is holding steady above $27,000, buoyed by the 200-day exponential moving average (EMA), indicating a potential bottoming out and bullish price action despite bearish market predictions.
Bitcoin (BTC) is expected to retest long-term support at around $23,000, as on-chain data suggests that current levels may not hold the market up for long.
A trader predicts that Bitcoin will reach a new all-time high before the end of 2023, with the possibility of a 157% rally from the current level.
Bitcoin (BTC) closed the week below $26,000, with traders closely monitoring the $25,900 level as a potential support zone to determine future price movements. There is a possibility of Bitcoin entering a bearish scenario with sub-$20,000 levels, but a bullish revival above $26,000 is considered less likely.
Deep-pocketed Bitcoin holders have accumulated over $1 billion worth of BTC in the last two weeks, while the number of investors holding at least 10 BTC has reached a three-year high; the growth in market caps of the top six stablecoins suggests a potential reversal in the crypto market.
The CEO of Custodia Bank believes that the next Bitcoin halving event will have a greater impact than previous ones, with a model predicting that Bitcoin will reach $147,843 in August 2025, 480 days after the halving event.
Altcoins could potentially rally ahead of the Bitcoin halving, according to cryptocurrency analyst Michaël van de Poppe, who believes that the Bitcoin dominance chart suggests a surge in altcoin value rather than a downward market. Van de Poppe is also bullish on Ethereum against Bitcoin, predicting a rise in ETH/BTC to 0.06992 BTC.
Bitcoin has experienced a significant decline of nearly 20% since Standard Chartered's prediction of reaching $120,000, with the cryptocurrency falling for a second consecutive month amid a broader sell-off in financial markets.
Bitcoin is predicted to reach $22,000 due to worsening investor sentiment and the impact of lawsuits against Binance and Coinbase, while BitMEX co-founder Arthur Hayes claims the bull market began in March.
Bitcoin (BTC) could reach $35,000 by the end of 2023, according to veteran analyst Filbfilb, who also predicts a potential price dip to the low $20,000 range before a reversal in Q4 and a price target of $46,000 by the 2024 halving. He believes that altcoins like XRP and Dogecoin (DOGE) could perform well in the next cycle.
The upcoming Bitcoin mining reward halving in April 2024 is anticipated to boost the cryptocurrency market, although previous halvings did not single-handedly initiate bull runs, as macroeconomic factors like fiat liquidity conditions also played a significant role, according to MacroMicro data. The growth rate of the M2 money supply by major central banks, including the U.S. Federal Reserve, European Central Bank, Bank of Japan, and People's Bank of China, is expected to impact the magnitude of the halving-induced uptrend.
The CEO of eToro, Yoni Assia, predicts that Bitcoin will surpass $100,000 by the end of 2025, following the halving cycle pattern observed in previous years.
The vice president of Canaan predicts that the supply deficit caused by the next Bitcoin halving in 2024 will drive the price of Bitcoin past $100,000.
Bitcoin could potentially surge over 70% in a move similar to 2015, as crypto analyst Michaël van de Poppe observes patterns that indicate a sustained trading range before a significant upside move ahead of the 2016 halving event.
Bitcoin stabilizes around $26,500 as it prepares for the upcoming FOMC meeting, with traders expecting the cryptocurrency to continue trading within the $25,000-$27,000 range in the short term.
Bitcoin (BTC) surpasses $27,000, while ether (ETH) holds support levels, but interest-rate decisions this week may bring downward pressure; overall market capitalization grows just 0.4% in the past 24 hours.
Bitcoin (BTC) reached new monthly highs as it surpassed $27,000, maintaining its bullish momentum despite the strength of the US Dollar Index (DXY).
Bitcoin (BTC) briefly surpassed $27,000 before experiencing a 2% drop, resulting in liquidations of approximately $100 million in leveraged trading positions, with short traders suffering $60 million in losses and long traders experiencing $40 million in losses.
Bitcoin could experience another parabolic rally and potentially reach over $80,000 following its 2024 halving event, according to a popular crypto analyst.
Bitcoin's performance historically strengthens in the final quarter of the year, with an average return of over 35%, and it could potentially reach $37,000 by year-end, according to Matrixport's report.
Crypto strategist Credible Crypto suggests that Bitcoin could dip to around $24,900 but still remain on track for a bull market cycle, and he is closely monitoring Bitcoin options open interest as an indicator for the market bottom.
Deep-pocketed crypto investors have moved over $660 million worth of Bitcoin, Ethereum, and Chainlink as Bitcoin's price drops below $27,000.